Itella Information sells its printing business in Poland to PostNord

24.07.2013

Itella Information has signed an agreement regarding the sale of its printing business in Poland to PostNord. As a result of the transfer of business, 50 employees will transfer from Itella Information to PostNord’s Strålfors business unit in Warsaw. These employees handled approximately 60 million mailings in 2012.

“There has been considerable competition and excess capacity in the international printing business over recent years. Therefore we decided to sell our relatively small printing unit in Poland in order to boost our activities to adapt to the market, and to focus on financial management outsourcing services and financial process automation solutions, which is in line with our strategy,” explains Heikki Länsisyrjä, Managing Director of Itella Information.

The sale will be completed on 30 August 2013. The sale will not have a significant impact on Itella Information’s net sales or operating result.

Itella Information provides financial process services and cash flow automation solutions that improve customers’ profitability and agility as well as their transition to the e-world. The services cover all aspects of financial management: from purchase order to payment and from sales order to management of incoming cash flows, plus a full range of accounting and payroll services. With the benefits of scale, automated processes and best practices, the company manages their customers’ financial processes in an efficient, professional and flexible manner. Itella Information operates in 10 European countries and has an extensive global partner network. The company employs more than 2,200 people and the 2012 turnover was 270 million EUR. Itella Information is part of Itella Group. www.itella.com/information

PostNord was formed through the merger of Post Danmark A/S and Posten AB in 2009. The group offers communication and logistics solutions to, from and within the Nordic region and had in 2012 sales of SEK 39 billion and 40,000 employees. Operations are managed in business areas Mail Denmark, Mail Sweden, Logistics and Strålfors. The parent company is a Swedish public company headquartered in Solna, Sweden. Read more about PostNord at www.postnord.com.